Education management impact on the financial performance of companies: a case study of IT companies in Indonesia

Economic Annals-XXI: Volume 206, Issue (11-12), Pages: 41-45

Citation information:
Purwanti, M., Afif, M., Siahaan, R., Khairiah, K., Suganda, D. A., & Sharipov, Sh. (2023). Education management impact on the financial performance of companies: a case study of IT companies in Indonesia. Economic Annals-XXI, 206(11-12), 41-45. doi: https://doi.org/10.21003/ea.V206-07

Meilani Purwanti
MA (Finance),
Department of Accounting,
Universitas Teknologi Digital
Cibogo Indah 3 Makerjaya Rancasari, Bandung, West Java, 40292, Indonesia meilanipurwanti@digitechuniversity.ac.id
ORCID ID: https://orcid.org/0009-0007-6238-9890

Masmin Afif
PhD (Islamic Studies),
Tarbiyah Faculty,
Universitas Islam Negeri Sunan Kalijaga Yogyakarta
Jl. Laksda Adisucipto, Papringan Caturtunggal, Kecamatan Depok, Kabupaten Sleman, Daerah Istimewa Yogyakarta, 55281, Indonesia,
masminafif@iainkudus.ac.id 
ORCID ID: https://orcid.org/0009-0005-6839-766X

Ronny Siahaan
MA (Finance),
Department of Economics,
Pelita Harapan University
Vermont Parkland Blok G2, No. 9, BSD Serpong Tangerang Selatan, 15322, Indonesia
siahaan.ronny@gmail.com
ORCID ID: https://orcid.org/0009-0003-0945-8333

Khairiah Khairiah
MA (Finance),
Department of Islamic Religious Education,
Faculty of Tarbiyah and Tadris,
Universitas Islam Negeri
Fatmawati Sukarno Bengkulu Pagar Dewa, Selebar, Bengkulu City, Bengkulu, 38211, Indonesia
khairiah@mail.uinfasbengkulu.ac.id
ORCID ID: https://orcid.org/0000-0002-6268-5127

Dudung Ahmad Suganda
MA (Public Administration),
Department of Social and Political Science,
Al-ghifari University
Cisaranten Kulon Street No. 104, Arcamanik District, Bandung City, 40293, Indonesia dudungahmadsuganda@unfari.ac.id
ORCID ID: https://orcid.org/0009-0000-2304-6982

Sharofiddin Sharipov
MA (Sciences),
Independent Researcher,
Department of Economics,
Tashkent State Pedagogical University
Tashkent, 100070, Uzbekistan
editory1001@gmail.com
ORCID ID: https://orcid.org/0000-0002-1273-5667

Education management impact on the financial performance of companies: a case study of IT companies in Indonesia

Abstract. Education management is one of the influencing factors in the performance of companies in various fields, including information technology. The main goals of this research are to investigate the effect of organizational learning on the financial performance of companies through the innovation process and to investigate the effect of organizational learning with innovation and innovation with financial performance. Therefore, the present study seeks to investigate the effect of education management with the mediating role of organizational learning ability and innovation on financial performance of the company. The statistical population of this descriptive research is the managers of companies active in the field of information technology in Indonesia, and the sampling method in this research is available sampling. Statistical data was prepared by distributing a questionnaire among the managers and senior experts of Indonesian IT companies. Inferential and structural equation modeling method has been used.

It should be mentioned that the results of statistical analysis show a positive and significant effect of education management on organizational learning ability and business innovation of the company, a positive and significant effect of organizational learning ability on business innovation and a positive and significant effect of organizational learning ability and also business innovation on financial performance. In addition, the results show the mediating role of organizational learning ability and business innovation in the relationship between education management and financial performance. After analyzing the data using LISREL software, all three hypotheses proposed in the research were accepted.

Keywords: Education Management; Financial Performance; IT Company; Business Innovation

JEL Classifications: Е24; Е41; Е64; I18; J28; J31

Acknowledgements and Funding: The authors received no direct funding for this research.

Contribution: The authors contributed equally to this work.

Data Availability Statement: The dataset is available from the authors upon request.

DOI: https://doi.org/10.21003/ea.V206-07

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Received 22.08.2023
Received in revised form 19.09.2023
Accepted 29.09.2023
Available online 29.12.2023